NOT LISTED FOR SALE

317 Eastern Ave Lynn, MA 01902

Eastern Avenue Neighborhood

Estimated Value: $761,656 - $861,000

4 Beds
2 Baths
2,100 Sq Ft
$386/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $685,000 $326 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,755/month

34 Days on Market

About This Home

As of October 2021

Top To Bottom renovated home! Great Tax Exchange opportunity. This is your chance to purchase a maintenance-free investment property! Both units feature new kitchen cabinets, SS appliances, backsplash, laminate flooring, freshly painted throughout. All new plumbing in the bathrooms, beautiful tile work, and new tubes. All windows were replaced. Utilities are separate and efficient, run by 2 new tankless heating systems. 4 hookups for the washer and dryer were installed in the basement. The basement has very tall ceilings with the potential to be finished. New pavement leads to 4 car garage, the garage roof was replaced and new doors are being installed. Conveniently located near shoppings & restaurants, only 2 miles from the beach! Nothing left to be done, the property is generating top dollar rent income from amazing tenants!

Last Agent to Sell the Property

North Star International Realty Team

LAER Realty Partners Listed on: 07/06/2021

LAER Realty Partners

Last Buyer's Agent

Kelly Morales

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1920

Lot Details

  • 5,663

Parking

  • 4

Additional Features

  • Property has 1 Level
  • 2 Heating Zones

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Essex St to Eastern Ave
  • Garage Yn: Yes
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1920

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Full
  • MAIN LO: C95098
  • MAIN SO: C10136
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Laminate
  • Stories: 3

Exterior Features

  • Roof: Shingle
  • Foundation Details: Block
  • Construction Type: Frame
  • Disclosures: Unit 1 Leased Until 02/28/2022. Unit 2 Leased Until 05/31/2022. A Copy Of The Leases Will Be Provided Once The Offer Is Accepted. Find A List Of Improvements Attached.
  • Patio And Porch Features: Porch
  • Waterfront Features: Beach Front, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Driveway
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Electric: 110 Volts, 220 Volts
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Public School

Lot Info

  • LOT SIZE: 5462
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 5662.8
  • Zoning: R1

Multi Family

  • LEVELS 1: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • Annual Gross Income: 48000
  • Property Net Operating Income: 48000
  • Number Of Units Total: 2
  • Total Actual Rent: 4000

Tax Info

  • Tax Annual Amount: 6315.64
  • Tax Book Number: 39297
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2021
Closed on
Oct 8, 2021
Sold by
B & B Properties Llc
Bought by
Coronado Silvia and Gomez Christopher O
Seller's Agent
North Star International Realty Team
LAER Realty Partners
Buyer's Agent
Kelly Morales
eXp Realty
List Price
$695,000
Sold Price
$685,000
Premium/Discount to List
-$10,000
-1.44%
Current Estimated Value
$793,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,156
Avg. Annual Appreciation
4.00%
Original Mortgage
$650,750
Outstanding Balance
$593,423
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$216,741

Purchase Details

Closed on
Feb 26, 2021
Sold by
Luzha Bentor and Luzha Betim
Bought by
B & B Boston Prop Llc

Purchase Details

Listed on
Oct 22, 2020
Closed on
Dec 14, 2020
Sold by
Macdonald Marie
Bought by
Luzha Bentor and Luzha Betim
Seller's Agent
Michael Connor
Connor Real Estate
Buyer's Agent
Beth Connor
Connor Real Estate
List Price
$479,900
Sold Price
$450,000
Premium/Discount to List
-$29,900
-6.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.27%
Original Mortgage
$337,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 1978
Bought by
Macdonald William F and Macdonald Marie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Coronado Silvia $685,000 None Available
B & B Boston Prop Llc -- None Available
Luzha Bentor $450,000 None Available
Macdonald William F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coronado Silvia $650,750
Previous Owner Luzha Bentor $337,500
Previous Owner Macdonald William F $171,700
Previous Owner Macdonald William F $145,000
Previous Owner Macdonald William F $106,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/08/2021 10/08/21 Sold $685,000 0.0% $326 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
08/02/2021 08/02/21 Price Changed $685,000 -1.4% $326 / Sq Ft
07/06/2021 07/06/21 For Sale $695,000 +54.4% $331 / Sq Ft
12/18/2020 12/18/20 Sold $450,000 -6.2% $214 / Sq Ft View Prior Sale
10/28/2020 10/28/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $479,900 -- $229 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,774 $750,359 $204,300 $546,059
2024 $7,390 $701,800 $194,600 $507,200
2023 $7,394 $663,100 $189,700 $473,400
2022 $7,076 $569,300 $158,200 $411,100
2021 $6,316 $484,700 $136,500 $348,200
2020 $5,909 $441,000 $129,000 $312,000
2019 $5,757 $402,600 $120,600 $282,000
2018 $5,428 $358,300 $117,500 $240,800
2017 $5,034 $322,700 $103,700 $219,000
2016 $4,650 $287,400 $91,800 $195,600
2015 $4,338 $259,000 $83,300 $175,700
Source: Public Records

Agents Affiliated with this Home

  • K

    Buyer's Agent in 2021

    Kelly Morales

    eXp Realty

    (781) 656-2026

    1 in this area

    24 Total Sales

    Kelly Morales
    Section Image
  • Michael Connor

    Seller's Agent in 2020

    Michael Connor

    Connor Real Estate

    (781) 581-5940

    4 in this area

    97 Total Sales

    Michael Connor
    Section Image

  • B

    Buyer's Agent in 2020

    Beth Connor

    Connor Real Estate

    (781) 504-3505

    3 in this area

    31 Total Sales

    Beth Connor
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72860750

MLS Property Information Network (MLS PIN)

APN: LYNN-000105-000423-000038

Massachusetts Essex County Lynn 01902 Eastern Avenue

317 Eastern Ave, Lynn, MA

Not Listed for Sale

MultiFamily

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